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mardi 14 juin 2011

Analyses pessimistes

Youngman may be too small a carmaker on the Chinese mainland to obtain government approvals to manufacture cars in the world’s largest auto market, analysts from IHS Automotive, Synovate Motoresearch and Autoforesight Shanghai Co. said. There is also a high likelihood China’s focus on automotive industry consolidation may scuttle the deal, they said.

[....] “I have the impression that Saab is scrambling for any partner in China now,” said Lin Huai Bin, a Shanghai-based analyst at IHS Automotive, in a telephone interview. “If Saab wants to succeed in China, they need to find a sizable company with good profit and good government connections,.”

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Youngman may find it difficult to convince the Chinese government to give approval for a manufacturing venture, given the company’s size and China’s wariness to allow further capacity expansion in the auto industry, Lin said.

China has been trying since 2009 to reduce its auto industry to 10 companies holding 90 percent of the market from about 100 manufacturers currently. The China Association of Automobile Manufacturers sales data doesn’t rank Youngman among the nation’s top 10 carmakers.

The deals with Youngman and Pangda need approval from Chinese authorities, the European Investment Bank, Sweden’s government and national debt office, and from General Motors Co. (GM), which sold Saab to Spyker for $74 million in cash and $326 million in preferred shares in February 2010.